Friday, September 7, 2012

To enhance bilateral trade between India and Lithuania
which was at US$ 208.75 mn in 2010-11, Ms. Diana Mickeviciene, MinisterCounsellor,
Lithuania invited
Indian firms to trade in machinery and equipment, textile, food industry,
medical devices, chemical products and plastics. Also collaboration has been
invited in the field of research in science & technology and education.

She
said that well educated skilled manpower, excellent logistic support, developed
infrastructure and strategic location made Lithuania a most favoured
destination for international investors. Indian companies can use Lithuania as the main trading point for Indian
goods in the Baltic region through Klaipeda
port. Lithuania
government has set up a number of Free Economic Zones, Industrial Parks and will
provide substantial fiscal and financial support to Indian investors. Since Lithuania is a
world leader in Laser Technology Indian companies can collaborate with them. It
provides world class educational institutions in technical and medical fields at
a cheaper cost.

As Lithuania
and West Bengal both share commonalities like
a booming construction sector, she mentioned that both the countries can well
engage in the development of real estate sector. Further, she invited
collaborative work with West Bengal in ’Infrastructure’, ’Waste Management’ and
‘Traffic Regulation’ which are lacking in the state.

Shri
Deepak Jalan, President, MCCI in his welcome address focused on the need of
sorting out the trade priorities between the two countries. He added that Indian
firms has investment opportunities in Lithuania, a logistics hub, in areas like
real estate market, laser & optic industry, air transportation, information
technologies, textile and pharmaceutical industry. Two major Indian companies
Indorama - invested Euro 100 Million in Pet Granules production and IDEAL
INVENT –specialised in IT, established a scientific R&D development cenre
in Lithuania